
Courtesy of: Sergey Babayev M, Kingsland Properties, babayevsergey888@gmail.com
$2,750,000
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Lot: 0.15 Acres
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Other
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$2,750,000
113-119 Jericho Turnpike 113-119 Jericho Turnpike, Floral Park, NY - Prime mixed-use investment opportunity featuring two commercial units (approximately 1, 200 SF each with full basements), two 2-bedroom apartments on the second floor, and a 60' x 60' parking lot. The property generates approximately $141, 600 in annual gross income, including $96, 000 from commercial tenants and $45, 600 from residential units. Annual property taxes are approximately $32, 000, with approximately 70% of the tax burden allocated to the commercial tenants, resulting in a net operating income (NOI) of approximately $127, 800 and a 4.7% cap rate based on the $2, 750, 000 asking price. Well-located on Jericho Turnpike, this asset offers stable income and long-term investment potential.
Courtesy of: Sergey Babayev M, Kingsland Properties, babayevsergey888@gmail.com
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